India’s largest fund house by assets, HDFC added over 7 lakh new folios in FY15. It has close to 52.1 lakh folios as on March 2015, compared to 45.10 lakh folios in March 2014.
This was closely followed by ICICI Prudential MF which saw an addition of 6.8 lakh folios in FY 2015. Its total folio count went up from 26.7 lakh in FY 2014 to 33.6 lakh last fiscal.
Among the top 10 fund houses, Birla Sun Life has added over 4 lakh new folios. It has 22.3 lakh folios as on March 2015. Last year it had 20.2 lakh folios. Franklin Templeton has also added over 2 lakh folios in FY 2015.
UTI has the largest investor base at 96.5 lakh folios in FY 2015. Reliance MF boasts of having the second largest investor base at 55.6 lakh as on March 2015.
All the top ten AMCs have registered positive growth in their folios. The top 10 AMCs have added over 25 lakh folios last year and constitute for 88% of total industry’s folio count as on March 2015.
In FY 2014-15, the MF industry has added over 30 lakh folios in equity funds. The industry has attracted inflows of Rs.71,000 crore in equity funds last fiscal.
Advisers say that new fund launches coupled with new SIP registrations in existing funds has led to an increase in folios. Also, the stellar performance of equity funds has been the key reason for the revival in investor interest.
